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51 posts categorized "Matrimony.com"

THE NEW INDIAN EXPRESS - Apr 23 - Indian matchmaking company Matrimony.com has obtained an interim injunction from the Madras High Court against Kalyan Matrimony, owned by Kalyan Jewellers, for infringement of its trademarks Tamil Matrimony, Telugu Matrimony, Kerala Matrimony and Kannada Matrimony through the Google Adwords Programme and in SEO. "We are pursuing legal action against those who deceptively use names similar to our trademarks and attempt to ride the goodwill and the reputation of our long-standing brands, on which we have invested heavily over the past two decades," said S. Ravichandran, GM (Legal & Regulatory) at Matrimony.com.

OPW - Apr 18 - Want to get your head around Asia? There's a couple conferences we'd like to put on your radar. But best book soon, as they're coming up fast. They're in Singapore at the amazing Marina Sands Hotel. I'm speaking at both of them.

The 1st is the GDI Singapore Dating Conference on May 13-14th, and is 250 GBP. Leaders from Paktor, Pairs, The Meet Group, Matrimony and Spark Networks will be speaking.

The 2nd is the Global Love Conference on May 15-16th, is $295, and will be more matchmaking focused. Leaders from Viola.ai / Lunch Actually, 2 Red Beans, Paktor, and the Matchmaking Institute will be speaking. (Here's a feel good $50 discount code 50OFFSG)

IDEA SUMMIT was a closed door event. It was a very full day of learning and sharing. 14 presentations were made by the CEO/Founder of Matrimony, CEO of Mamba, Chief Mobile Officer of Matrimony, CEO/Founder of Lunch Actually, CMO of Woo, CEO/Founder of Agape Match, CEO of LoveMe, MD of Insparx, Owner of SuccessfulMatch, Owner of Hubpeople, Co-founder of LoveMe, MD of Mamba, and CEO of BetterHalf.ai.

ECONOMIC TIMES - Mar 22 - Sankara Narayanan, former Aircel top executive who had joined Matrimony.com as COO, has quit just a little over two months after joining the company. Four months ago, K Balasubramanian resigned as CFO. The company had replaced Balasubramanian with former Mindtree top executive Sushanth Pai.

INDIA TIMES - Mar 9 - In India, matrimonial profiles of self-employed people have traditionally been preferred by the business community. Rajasekar KS, general manager at Matrimony.com, which runs matchmaking website Bharat Matrimony, said there's been a marked increase in the preference for entrepreneurs over the last few years. "It is largely driven by the increasing success stories of entrepreneurs," he said. Gourav Rakshit, CEO of Shaadi.com, said: "Over 20% women have shown interest in entrepreneurs." Another change is that more women are now in control of their profiles, as opposed to their parents doing the monitoring.

TIMES OF INDIA - TrulyMadly is one of the bigger and older local ventures in India. Co-founder & COO Snehil Khanor says the company caters to both casual and serious users, "but there's definitely more money in older cohorts." He says 80% of its paying users mention on their profile that they are looking for something serious. 50% of TrulyMadly users are 28+ years old, and 70% 26+. Sumesh Menon, co-founder and CEO of matchmaking app Woo, also says money flows in only from older users, who are both socially and financially dependent. BetterHalf.AI too pitches itself as a "serious matchmaking product for working professionals looking to get married in the next 1-2 years." Co-founder and CEO Pawan Gupta says matrimony sites are too overwhelming for today's generation. Matrimony, Shaadi and others that traditionally relied on revenue from parents, are transforming to attract singles while keeping parents still involved in the process. Murugavel Janakiraman, founder and CEO of Matrimony.com, says till the mid-2000s, parents registered on behalf of their daughters and sons. Not any more. "Today, ~60% of our 3.7M active members are individuals who register on their own." Investments in the segment have been small, and was at its peak in 2015 at $6.3M. That was the year when TrulyMadly raised $5.3M and iCrushiFlush raised $0.5M. Last year there was just one funding deal. According to comScore data, the number of unique visitors to Tinder in India had risen to as high as that of Shaadi in late 2017, and had continued to challenge the local players.

BLOOMBERG - Jan 24 - Pawan Gupta wasn't having any luck finding a match so he teamed up with engineer Rahul Namdev to start an AI-powered matchmaking app, called Betterhalf.AI. The dating app, funded by 15 angel investors including half a dozen MIT alumni, puts users through several levels of verification comprising social networks, phone number, personal and work e-mail, and government ID. New users answer a breadth of questions on moral values, emotions and personality. That information is then melded with data from married individuals, open-source data and compatibility research. Betterhalf is targeted solely at people looking for a serious relationship. The start-up has 15 employees. There's plenty of competition in the new AI space including Truematch. Matrimony.com, which has 3.7M active users, is developing an AI-powered chatbot that it plans to deploy later this year.

OPW - Jan 16 - IDEA exists to help the dating industry grow and achieve its true potential. I feel this industry is still entirely fledgling, and we can do more by learning and sharing on important issues and opportunities. OPW.news helps, but we can do more.

Last week I invited C level friends in the dating industry and I'm enormously humbled that just 72 hours later it was full. 18 dating executives are speaking. 13 of them are CEOs, 11 are founders and 11 have 15+ years in dating, The event is now full, but I'm sure we'll be doing more. Please let me know your thoughts on what you'd like to see from IDEA, and how we can improve this event concept further at mark@courtlandbrooks.com. Thanks. - Mark Brooks

FINANCIAL TIMES - Dec 30 - Bumble launched in India earlier this month, with the high-profile backing of Bollywood actress Priyanka Chopra. At the same time, Tinder has rolled out new features designed to cement its foothold in the country, where it has been operating since 2015. Happn, which matches app users who have crossed paths in real life, has become one of the most downloaded dating apps since coming to India last year. Yet the companies may find Indians difficult to woo. Homegrown matchmaking services with names such as Shaadi.com and Mumbai-listed Matrimony.com, which went public last year in a $78M listing, flourished in India since long before smartphones. According to Matrimony.com almost nine in 10 marriages in India are arranged. But Matrimony.com's share price has fallen 45% over the past year, and profits in the most-recent quarter fell 30% YOY to $1.9M. The foreign apps have yet to prove that the Indian market can be lucrative. Whitney Wolfe, Bumble's CEO and founder, said: "We're entering with purpose, with mission, with a really nuanced, customised product." Far more men in India use dating apps than women, who often stay away due to safety concerns and stigma. ~85% of Happn's users in India are men. But Bumble argues its women-first brand and safety features mean it is best placed to attract female users. In September, Tinder introduced a tool that also gave Indian women the prerogative to initiate a conversation with a match.

TRADE ARABIA - Dec 7 - Matrimony.com, a leader in online matrimony, has entered the UAE market through its flagship brand BharatMatrimony as part of its strategic expansion plans. The platform has inaugurated an office at Fortune Executive Tower, Jumeirah Lake Towers, Dubai, to serve Indians in the Middle East region. Matrimony.com, a publicly-listed company, is headquartered in Chennai, India.

TECH CIRCLE - Nov 27 - Matrimony.com, the parent company of Indian matchmaking platform BharatMatrimony, has appointed former Mindtree executive Sushanth Pai as its new CFO. He will replace K Balasubramanian, who is retiring. Matrimony.com was founded in 1997 by Murugavel Janakiraman. Its brands include BharatMatrimony, CommunityMatrimony and EliteMatrimony. The company acquired SecondShaadi in March to consolidate its offering for those looking to marry again. For the Q3, Matrimony reported a 12% increase in revenue to Rs 86.23 crore ($12M).

PRESS TRUST OF INDIA - Nov 3 - Matrimony.com has appointed Sankara Narayanan as the chief operating officer with immediate effect. Narayanan had served telecom operator Aircel as its national operations-Head and Vodafone Essar as its CEO.

TIMES OF INDIA - Nov 1 - Matrimony.com reported revenues of Rs 88.2 crore for the September quarter, posting a 5.4% growth from the same period last year, and a 1.5% fall from the June quarter. The company's net profit for the quarter stood at Rs. 13.4 crore, as against Rs 19.2 crore in the corresponding quarter of 2017, recording a 30% fall. The company attributed the decline in profit to higher marketing spend of almost Rs 5.8 crore incurred this period. "We will continue to invest additionally in marketing and as a result the EBITDA margin will be lower than the earlier period," said Murugavel Janakiraman, MD, Matrimony.com. ~95% of the company's revenue comes from its matchmaking business, while its marriage services.

PRESS TRUST OF INDIA - Aug 14 - Online provider of matrimony-related service Matrimony.com has strengthened its management at the senior-level, as part of its expansion plan. Prasad Nelliparthi has been appointed as its chief human resources officer with immediate effect. Uma Srinivasan has taken over as Head (Talent Acquisition). Karthik Jagannathan has been appointed as senior VP and head of MatrimonyBazaar.com. The expansion plan includes launch of Matrimony Photography, Matrimony Bazaar and Matrimony Mandap service.

FINANCIAL EXPRESS - May 31 - India's leading online matrimony service provider, Matrimony.com (an arm of BharatMatrimony), is bullish on the opportunities the $54-billion industry throws.

Q: What has been the size and growth of the wedding industry and online matrimonial industry in India over the last five years?A: The wedding services industry is worth ~$56B. The matchmaking and wedding industry has been growing steadily 25% - 30% every year. 10 - 12M marriages are taking place annually in India and with only 6% of the market going online to find a life partner, there is a huge opportunity for matchmaking services.

Q: How is the wedding industry? A: It is largely unorganised and that presents a good opportunity for us. We offer MatrimonyPhotography, MatrimonyMandaps (wedding venue discovery platform) and MatrimonyBazaar.

Q: How has your journey been till now?A: Matrimony.com is the market leader with a 60% share in online matchmaking. ~3.72M profiles were added in FY18.

THE HINDU BUSINESSLINE - May 4 - Matrimony.com, an online provider of matrimony-related services, reported 88% growth in consolidated net profit at ₹17 crore ($2.5M) for Q4 ended March 31, 2018, compared with ₹9 ($1.3M) for the corresponding quarter last year. Revenue increased by 12% to ₹84 crore ($12.6M). For the fiscal ended March 31, 2018, net profit increased by 72% to ₹74 crore ($11M). In the Q4, the company acquired secondshaadi.com, an exclusive portal for divorcees.

THE NEW INDIAN EXPRESS - Mar 15 - The $54B wedding services market is a huge opportunity with 10 to 12M marriages set to take place every year in India. Matrimony.com undertook The Big Fat Indian Wedding Market Survey 2018 in which 9246 people all over India had participated online. The survey revealed that 21% of females were planning to spend Rs.10 to 20 lakh ($15k - $31k) while it was 11.2% of males for the same spending bracket. 6% female respondents said they were going to spend up to $60k.

VCCRICLE - Mar 1 - Matrimony.com, which owns BharatMatrimony, has acquired SecondShaadi.com from Accentium Web. Matrimony.com received board approval for the acquisition on Thursday. It did not disclose the value of the deal. "Buying SecondShaadi will help us consolidate our offerings and help divorcees and widowers get wider choices than ever before," Murugavel Janakiraman, CEO of Matrimony.com, said. Like SecondShaadi.com, Matrimony.com also operates a platform for divorcees called DivorceeMatrimony.com. In September 2016, the Bombay High Court had ruled in favour of SecondShaadi.com against a petition filed by People Interactive, which owns rival matrimonial portal Shaadi.com. Shaadi.com wanted Accentium Web Pvt. to stop using the word 'shaadi' in its domain name. However, the court said in its order that the word 'shaadi' is generic, and hence, Shaadi.com cannot stop others from using the word as a prefix or suffix for their portals.